South Dakota § 5-5-11 Rent payable in advance--Maximum term of lease--Governor's approval required--Lessee's right to renewal.

South Dakota Statutes

§ 5-5-11 — Rent payable in advance--Maximum term of lease--Governor's approval required--Lessee's right to renewal.

South Dakota·Title 5 PUBLIC PROPERTY, PURCHASES AND CONTRACTS·Ch. 5-5 AGRICULTURAL AND GRAZING LEASES OF SCHOOL AND PUBLIC LANDS

All rents, except rents from sharecropping which shall be paid after the crop has been harvested, shall be paid annually in advance. No term of lease may exceed five years, nor is any lease valid until it receives the approval of the Governor. However, any lessee of such common school, indemnity, or endowment lands is, at the expiration of a five - year lease, entitled, at the lessee's option, to a new lease for the land included in the lessee's original lease, or such portion thereof which has not been sold, for a period of five years.

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All rents, except rents from sharecropping which shall be paid after the crop has been harvested, shall be paid annually in advance. No term of lease may exceed five years, nor is any lease valid until it receives the approval of the Governor. However, any lessee of such common school, indemnity, or endowment lands is, at the expiration of a five - year lease, entitled, at the lessee's option, to a new lease for the land included in the lessee's original lease, or such portion thereof which has not been sold, for a period of five years.

South Dakota § 5-5-11 (Rent payable in advance--Maximum term of lease--Governor's approval required--Lessee's right to renewal.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.